Western Union Names Devin B. McGranahan as New CEO

​(Source: LinkedIn)

Western Union, a global leader in cross-border, cross-currency money movement, announced on Monday the appointment of Devin B. McGranahan as its new Chief Executive Officer, to succeed Hikmet Ersek, who has announced the retirement from his role as CEO and Director of Western Union by December 31st, 2021.

In his new role, McGranahan will accelerating Western Union’s growth strategy, expanding payments offerings and building on the company’s financial strength and a robust foundation of assets including a unique compliant cross-border platform and distinct global financial network.

McGranahan joins Western Union from Fiserv, Inc., a global provider of payments and financial services technology solutions, where he has been for over 5 years, most recently serving as Executive Vice President and Senior Group President, Global Business Solutions. Throughout his career, spanning more than 25 years, McGranahan has demonstrated a strong track record of engaging with and leading financial services companies on a broad range of strategic and business-building opportunities amid a rapidly evolving financial services and payments landscape.

“After a comprehensive succession planning process, I am delighted to welcome McGranahan as the next CEO of Western Union. McGranahan is a proven leader known for talent development and leadership of teams, while spurring growth and innovation in the financial technology industry. He is well-positioned to lead Western Union in this new era,” Western Union Board Chair Jeffrey A. Joerres commented.

“On behalf of the Board of Directors, our global employees, customers and business partners, I want to thank Hikmet for his over 21 years of service to Western Union and congratulate him on the many accomplishments and milestones we celebrated while he has been at the helm of this iconic company,” he added.

Hikmet has been with Western Union for 21 years, including 11 years as CEO. He will support the transition as a special advisor to the Board of Directors until mid-2022.